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So, I previously had 2 C6s, most recently a Grand Sport. Unfortunately, I decided t trade it in on a 2015 F150 Platinum, which is an amazingly awesome truck and soundly bests everything else on the market. However, after owning it since August, I've realized a horrible, horrible fact. I am not a truck person. Friends tell me I'm crazy, but when I look at it, it doesn't make me happy, it's not pretty, and while it's comfortable and capable and good in the winter and all that crap, it's just not exciting.
So I've been casually searching and found something appealing, a low mileage Centennial GS - basically what I had envisioned for my GS to look like one day. It's fairly priced, and looks to be clean and well kept. It's a stick, and both of my previous C6s had flappy paddles - I'm not necessarily turned on or off by this, assuming the stick in the C6 is nearly as good as the one in my C4.
So the dilemma. I will lose a bunch of money trading my truck in because I bought it new. Not upside down or anything, but lost several thousand in equity. I currently also have a '92 Corvette that's more like a track car. I also have jet skis and live in a place where having a 4x4 for winter is a nice idea. I could potentially sell the C4 and buy an inexpensive truck/suv to deal with the 4x4 and jet ski issue, or I could store the jet skis at a marina and buy a set of all season tires for my C4 and not worry about snow/ice (our city shuts down when that happens anyways).
My biggest gripe is I hate losing money. It's only a few thousand, and not the end of the world, but at the same time it's several thousand and I hate losing money. So, what say the collective mind of the C6 section? Should I keep the truck and not lose the money and just tinker with the C4 more, or double down and get essentially the car I had before and chock it up to a life lesson?
Trading in your truck again will make you lose even more money.
Try selling your truck this time privately. Disclose the fact that you have a loan for it so the buyer knows once they pay, they have to wait for the title etc. Of course don't let them know how much you paid/owe. But obviously try to have that loan eaten up.
Then buy your GS. Then i would sell the C4 and get a truck.
While a C4 is still a vette and all vettes are awesome, to decide whether to own a C4 or a C6, a GS at that, it's obvious almost everyone here would choose the GS.
I would personally tinker with the C4 while saving for another C? one day. Just think, by the time you pay the truck off used C7's will be very reasonably priced.
Insert meme: "Life's too short to drive a boring car".
If it were me, I'd take the loss and get what I *really* wanted, and try not to do the same mistake twice. Life's short. We've recently lost several members here who I am sure would agree.
for the new all wheel drive Vette C7.5 which also deletes the rear hatch for an open bed! I believe it's going to be called the "El Corvetto" Heh? Heh?
Insert meme: "Life's too short to drive a boring car".
If it were me, I'd take the loss and get what I *really* wanted, and try not to do the same mistake twice. Life's short. We've recently lost several members here who I am sure would agree.
Just my opinion, and fortunately one backed up my better half.....
You get one ride on this rock, enjoy it to the most you can within reason. It truly is a short ride.
I know I wouldn't let a couple of grand dictate the difference between having something nice, and having something that adds spice to my life every time I hit the start button.
If you don't need the truck for what a truck is made to do, I wouldn't think twice to putting that spice into your life and would just write it off to a lesson learned. We've all been there and done that, put value in the lesson itself and move on.....
Last edited by Fly'n Family; Feb 9, 2016 at 08:37 PM.
What you paid/lost on your truck is sunk cost at this point. Look forward, and do what makes you happy -- provided you can afford it.
In some states, selling your new truck outright is the best move as you will never get as much from the dealer. But, if your state has big taxes on new car purchasers, and the only way to pay on the "net" difference is via trade in (it's like that in PA) then a hassle-free trade might be smarter...
Next time, spend a little more time thinking about what you're doing and what it's costing you. If possible, talk to some other folks before you do it.
Insert meme: "Life's too short to drive a boring car".
OK
If it were me, I'd take the loss and get what I *really* wanted, and try not to do the same mistake twice. Life's short. We've recently lost several members here who I am sure would agree.
So additional info. The C7 doesn't interest me. While the styling has grown on me, the extra technology has worn on me. I don't want an eLSD or DI, they add nothing for me. If I were to wait and get something else, I'd probably want a 427 Vert, or something with the engine in the middle or a P-car.
Thanks for the input so far. I'm leaning towards doing it at this point.
You will lose even more money on the F150 the longer you keep it. It will depreciate drastically. The Corvette will hold its value better, look at it that way.
You will lose even more money on the F150 the longer you keep it. It will depreciate drastically. The Corvette will hold its value better, look at it that way.
I've got a '98 Seadoo GTX Limited (big 2 stroke), and an '08 Seadoo RXP (215hp is fun on the water!). Great fun when it's warm out.
I had considered selling one and just putting a hitch on the c4 to tow it to the ramp, then could get my buddy to back it in for me. But it's kind of lame being "that guy".
Sell whatever you can and pay down the pickup. After its paid off then you can start looking for a GS. Everyone needs a good truck and a lot of folks want a fun car also...... you really need both, so figure out how to do that......easy peasy......
Last edited by Huskerman; Feb 9, 2016 at 10:19 PM.
You will never keep the truck long term. You will eventually sell it. So you have to consider resale loss as well as initial purchase loss.
The Corvette will hold its value better then a truck. Meaning if you compare future value at resale you will lose less with the Corvette.
So you lose up front...but win on the way out.
With the corvette you have a higher probability of holding it longer term too. The Corvette is the greatest sports car ever built on American soil so the demand and target market spans all ages. What this means is you have greater liquidity and resale value in the future with the Corvette.
Plus do you honestly want to drive a truck over this?
If you dont like losing money ....sell the C4 too. This is something you were not considering with the truck but something you may consider with the upgrade to a Cent. GS C6! This will save you money, reduce responsibility and have you driving the meanest looking corvette every produced by GM.
Last edited by Cor430vette; Feb 9, 2016 at 10:41 PM.
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